Hanoi (VNS/VNA) - Conglomerate Vingroup JSC plans to earn 145 trillion VND (6.2 billion USD) in revenue this year, up 12 percent year-on-year. The information was released during the group’s annual general meeting of shareholders (AGMs) held on May 28 in Hanoi. Post-tax profit is expected to decrease 35 percent to reach 5 trillion VND. Due to the impact of the COVID-19 pandemic, Vingroup Chairman of the Board of Directors Pham Nhat Vuong said its tourism arm Vinpearl was most ravaged by the disease. “However, the group still seeks solutions to stimulate domestic demand for tourism, especially inbound because we could not offer services for foreign clients during the pandemic,” he said. “According to statistics, Vietnam greets 80 million domestic visitors and 18 million foreign visitors each year,” Vuong said. The Vingroup chairman said if the disease was controlled and people could not travel abroad, domestic tourism would be … [Read more...] about Vingroup forecast revenue up 12 percent

A Brazilian man in HCM City has tested positive for Covid-19 for a second time, according to the HCM City Disease Control Centre. The 39-year old man, Patient 244, who lives in District 2, Thao Dien Ward, contracted the virus after having closed contact with Patient 158 in March. After treatment in Cu Chi Hospital, he was discharged from hospital on April 20 after being tested negative several consecutive times. He was continued being medically monitored for 14 days later. However, on April 26, he was tested positive again for the virus and taken to Cu Chi Hospital. On May 12, he was released from hospital for the second time, but, unluckily, just five days afterwards, he showed positive for the virus again. The patient is now staying at Cu Chi Hospital for the treatment. The area where he lives has been sterilised. By Thursday morning, a total 503 people had been quarantined in HCM City. … [Read more...] about HCM City reports Covid-19 relapsed case for second time

Hanoi (VNA) - Vietnam attracted a total of 13.9 billion USD in FDI in the first five months of this year, a fall of 17 percent year-on-year, the General Statistics Office (GSO) announced on May 29. There were 1,212 newly-registered projects with 7.4 billion USD in investment, down 11.1 percent in number but up 15.2 percent in capital, respectively. A total of 3.5 billion USD was added to 436 existing projects, a year-on-year increase of 31.4 percent, while capital contributions and share purchases by foreign investors stood at nearly 3 billion USD, down 60.9 percent. Processing and manufacturing was the most attractive sector among foreign investors, the GSO said, receiving 6.9 billion USD. Among 58 countries and territories registering new projects in Vietnam in the first five months, Singapore was the largest investor, with 4.3 billion USD, accounting for 58 percent of the total. Following was Taiwan (China) with 743 million USD, China with 694 million USD, Hong Kong (China) with … [Read more...] about January-May FDI down 17 percent

Hanoi (VNA) - The COVID-19 pandemic triggered a 48.8 percent decline in the number of foreign tourists visiting Vietnam in the first five months of the year, with the total standing at 3.73 million. The General Statistics Office (GSO) announced on May 29 that 72.9 percent of foreign tourists in the period were from Asia, with numbers from the region down 51.4 percent year-on-year. Falls were seen in almost all major markets, such as China (down 57.2 percent), Malaysia (53.9 percent), the Republic of Korea (53.4 percent), Japan (48.2 percent), France (47.5 percent), the UK (44.3 percent), and Russia (23.2 percent). Conversely, the number of Cambodian tourists surged 118.3 percent. Revenue from tourism services in the period was estimated at 8.3 trillion VND (359 million USD), down 54.1 percent. Localities seeing significant declines in revenue include the southern province of Ba Ria-Vung Tau (72.9 percent), south-central Khanh Hoa province (68.2 percent), HCM City (66.1 percent), … [Read more...] about International tourists down nearly 50 percent